Additional Information
Market: ASX
Sector: General Mining - Copper
EPIC: GUN
Latest Price: A$0.14  (3.85% Ascending)
52-week High: A$0.25
52-week Low: A$0.12
Market Cap: A$29.82M
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Gunson Resources
www.gunson.com.au

Gunson Resources is focused on exploration for and development of mineral deposits in Australia. Since its public listing in 2000, Gunson has discovered then completed a Definitive Feasibility Study, in January 2010, on its Coburn Zircon Project in Western Australia and completed a Pre Feasibility Study, in October 2009, on its Mount Gunson Copper Project in South Australia.

A 15 month Bankable Feasibility Study on the Mount Gunson commenced at the end of 2009, with strong interest being shown by several commodity trading houses in funding this Study and the subsequent mine development.

Pdf

Gunson Resources raises capital for Coburn Zircon financing and BFS for Mount Gunson

8th Oct 2010, 10:11 am

Perth-based explorer Gunson Resources (ASX:GUN) has received firm commitments from sophisticated investor clients of RBS Morgans Limited to take up to 4 million fully paid ordinary shares in GUN at 9 cents per share, to raise $360,000.

The placement will increase Gunson’s issued capital to 177,465,312 shares and settlement is expected on Wednesday, 13th October 2010, with shares to be allocated the same day.

Funds raised will be used for working capital, progression of negotiations on financing of the Coburn Zircon Project where a Definitive Feasibility Study (DFS) was completed in January 2010, and to advance the Bankable Feasibility Study (BFS) on the Mount Gunson Copper Project, due for completion in late March 2011.

The company has strong growth prospects in the global zircon market, with demand expected to outpace supply.

Shareholder approval for the placement will be sought at the company’s next annual general meeting on 30th November 2010.

On July 7 GUN raised $600,000 by issuing 10 million fully paid ordinary shares at 6 cents per share.

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